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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2024
Revenues [Abstract]  
Summary of Net Revenue by Major Geographic Region

The following table summarizes net revenue by major geographic region (in millions):

 

 

 

Three Months Ended March 31,

 

 (in thousands)

 

2024

 

 

2023

 

EMEA

 

$

5,789

 

 

$

40,259

 

Americas

 

 

2,738

 

 

 

6,981

 

APAC

 

 

1,275

 

 

 

2,818

 

Total net revenue

 

$

9,802

 

 

$

50,058

 

Schedule of Summarizes the Changes in Deferred Revenue

The following table summarizes the changes in deferred revenue:

 

 

 

Three Months Ended March 31,

 

 (in thousands)

 

2024

 

 

2023

 

Balance at the beginning of the period

 

$

801

 

 

$

1,122

 

Deferral of revenue

 

 

1,666

 

 

 

12,198

 

Recognition of unearned revenue

 

 

(1,416

)

 

 

(11,712

)

Balance at the end of the period

 

$

1,051

 

 

$

1,608

 

Summary of Changes in Product Warranty Liability

The following table summarizes the changes in product warranty liability:

 

 

 

Three Months Ended March 31,

 

 (in thousands)

 

2024

 

 

2023

 

Warranty liability, beginning of the period

 

$

5,632

 

 

$

4,351

 

Provision for warranty issued during period

 

 

138

 

 

 

796

 

Benefit from changes in estimate

 

 

(197

)

 

 

(431

)

Settlements

 

 

(94

)

 

 

(90

)

Warranty liability, end of the period

 

$

5,479

 

 

$

4,626